Good news for the European economy. The number of job seekers has fallen to 7.2%, the lowest level ever recorded since Eurostat was launched in 1993.
Soucres : FT : Eurozone unemployment falls
Soucres : FT : Eurozone unemployment falls
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the main reasons, for this recovery are two fold
in one hand there is the papy-boom which is sending more and more people to the retirement thus reducing the unemployement rate.
in the other side there is the recovery of germany, which should never had been into this recession if they hadn't been so selfish. Some facts; in 1989 when the berlin wall falls, against all the advices of the other european countries, germany decides to do the reunification. This was a big mistake because at that time there was a changing rate of 1 west deutsch mark for 3 east deutsch mark. This difference of value of the two moneys made the reunification very expensive which sent germany (and europe) into a 18 year recession (not yet finished according to me).
The European Commission prefers the employment rate to the unemployment rate. It is 65,7 %, still far from the 70% Lisbon strategy?fs target.
What programs did Sarkozy launch to reduce the unemployment rate that much?
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